Joystiq has a rundown of what went down during a final meeting with the staff of OnLive before they were all fired, clarifying the report that the entire staff was being let go as part of some sort of reorganization. The company has undergone an Assignment for the Benefit of Creditors, or ABC (a form of bankruptcy), and will continue under the ownership of a venture capitalist. Word is only "the essential" portion of the company's 150-200 staff will be rehired going forward as the new owner attempts to bring the cloud gaming service into profitability.

Rigs wrote on Aug 18, 2012, 15:12:IMO, going into any job nowadays thinking it's going to last is nuts. Seriously. There's no such thing as 'Job Security' anymore. Scary...

=-Rigs-=

Yep, something I'm certain the people did not want. And that is what this country is all about right? Giving the people things they don't want? Because if it's about giving the majority what they want, then the country is full of fail right now.